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A company's contribution format income statement for the most recent month is shown below: ...

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Accounting

A company's contribution format income statement for the most recent month is shown below:

Total Per Unit

Sales (30,000 units) $180,000 $6.00

Variable expenses 90,000 3.00

Contribution margin 90,000 $3.00

Fixed expenses 43,000

Net operating income $47,000

What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 8%?

Multiple Choice

  • $77,382
  • $70,160
  • $67,633
  • $80,735

Answer & Explanation Solved by verified expert
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